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What is the Federal Reserve ("The Fed")?

The Federal Reserve is one of 12 regional banks throughout the U.S. established to implement the policies of the Federal Reserve Board (that influence interest rates, for example), conduct economic research, maintain reserves (like an emergency...

What is the FDIC?

FDIC is short for "Federal Deposit Insurance Corporation." It is a federal agency that insures most bank deposits up to $100,000.   See Also: Where to Stash Your Cash Put Your Money Where the Women Are Protect Your Cash--In a Bond Fund 10...

What is an Exchange-Traded Fund (ETF)?

Exchange-Traded Fund (ETF) is a fund that is basically a basket of investments, like a mutual fund, that tracks an index, which can be broad like the S&P 500 or narrow like the Japanese Yen index. Unlike a mutual fund, an ETF can be traded like a...

What is Exchange Rate?

Exchange rate is the rate at which one currency can be converted into another. Exchange rates are a common consideration when traveling to a foreign country and are influenced by several factors, including interest rates, inflation and politics.  ...

What is Estate Tax?

Estate tax is a tax imposed by government (federal and possibly state) on the transfer of assets, typically exceeding a certain amount that changes over time, from a deceased person to their inheritors.    See Also:  Ways to Reduce Taxes on...

What is Equity?

Equity is an ownership interest in a publicly-traded company represented in the form of common or preferred stock. Equity can also mean a person's total assets minus total liabilities (aka "net worth") or in terms of real estate, the difference...

What is Diversification?

Diversification is an investment portfolio strategy designed to reduce risk by combining a variety of investments, such as stocks, bonds, commodities and real estate, which are unlikely to move in the same direction or at the same rate....

What is Discretionary Income?

Discretionary income is any extra income a person can spend after they have taken care of their essential expenses like housing, utilities, transportation and childcare.    See Also: Your DIY Financial Planning Guide Ask An Advisor: Help! I'm...

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